Variance analysis

Question Answers

Questions and Answers
Resolving a transfer price convict Alton division (A) and Birmingham division (B) are two manufacturing divisions of Conglom plc. Both of these divisions make a single standardized product; A makes product I and B makes product J. Every unit of J requires one unit of I. The required input of I is...
Questions and Answers
FLEET LTD Lin Fitzgerald, University of Warwick Business School Background Fleet operates a chain of high street retail outlets selling clothing and household items. In 1995 this company was heading for a financial loss and was deemed to have lost strategic direction. The business fo...
Questions and Answers
The Oslo division and the Bergen division are divisions within the Baltic Group. One of the products manufactured by the Oslo division is an intermediate product for which there is no external market. This intermediate product is transferred to the Bergen division where it is converted int...
Questions and Answers
Discussion of various divisional performance measures You are the highly trusted chief accountant of Ragwort Ltd, a manufacturer of sports equipment, and you have strong private hopes of joining the board in the next year or two in a newly created post of finance director. Ragwort is...
Questions and Answers
Variance analysis and reconciliation of budgeted and actual profit. Bronte Ltd manufactures a single product, a laminated kitchen unit with a standard cost of £75 made up as follows:   (£) Direct materials (15 ...
Questions and Answers
Standard Mix Material X = 60 kgs @ Rs. 5 per kg Y = 40 kgs @ Rs. 10 per kg Actual Mix Material X = 80 kgs @ Rs. 4 per kg Y = 40 kgs @ Rs. 11 per kg You are required to compute the usage variance. ...
Questions and Answers
Standard hours for producing two products A and B are 15 hours and 20 hours per unit, respectively. Both products require an identical type of labour and the standard wage rate is Rs. 5 per hour. In a year, 10,000 units of A and 15,000 units of B were produced. The total labour hours actua...
Questions and Answers
For manufacturing a certain quantity of product X, the standard and actual figures in respect of materials are as follows: Materials Standard Act als Quality kg Price Rs. Quantity kg Price Rs. A B Less = Loss 90 60 4 5 140 60 3-80 5-60 150 30 ...
Questions and Answers
A company uses Standard Costing System. The sales data for a period are as follows: Product Budgeted Sales (units) Budgeted Selling Price per unit (Rs.) Annual Sales (units) Actual Sales Value (Rs.) A 1,280 20 650 12,350 B 3,200 12 3,900 50,700 ...
Questions and Answers
New techniques are often described as contributing to cost reduction, but when cost reduction is necessary it is not obvious that such new approaches are used in preference to more established approaches. Three examples are: new technique compared with established approac...

FREE Subscription for an UNLIMITED Period!

Textbook solutions for millions of books

Find Unlimited homework answers.

You're one step away from joining millions of happily CFS Students.

Assigment help ad
share via whatsapp

Get FREE Subscription to our Q&A and Textbook Solutions services for an unlimited period.